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Current Trends: Renting vs. Home Ownership

Current Trends: Renting vs. Home Ownership

Posted on 01. Sep, 2016.

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With home ownership in the U.S. at its lowest rate since 1965, and renting nearing a 50-year high, cities are building more multifamily properties....

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New Apps to ‘Virtualize’ Apartments of the Future

New Apps to ‘Virtualize’ Apartments of the Future

Posted on 30. Aug, 2016.

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Apartment living is changing as new technologies and applications hit the market. Multifamily Executive runs through quite a few new apps built to “virtualize” apartments....

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U.S. Apartment Trends: What’s Happening in Your City?

U.S. Apartment Trends: What’s Happening in Your City?

Posted on 18. Aug, 2016.

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AppFolio recently partnered with Axiometrics, a leading provider of apartment market data, to take an in-depth look at how job growth directly affects rent...

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Why Good Property Managers Are Still Hard to Find

Why Good Property Managers Are Still Hard to Find

Posted on 08. Sep, 2016 by .

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In today’s world there seems to be fewer adequately compensated jobs where the demand outstrips the supply. If you are a property manager, assistant property manager, or facilities maintenance coordinator you’re in one of the best professions at the right time. Both the commercial and residential property management businesses are growing so fast that it’s difficult to […]

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4 Tips for Keeping Your Renters Happy

4 Tips for Keeping Your Renters Happy

Posted on 01. Sep, 2016 by .

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In a recent post, we talked about some of the things that managers can inadvertently do to drive their good tenants away. Remember, as property managers, your focus should be on providing your residents with a safe, secure place to live. However, it’s also important to provide your tenants with a sense of community and […]

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Renewals: What’s Driving Renters Away?

Renewals: What’s Driving Renters Away?

Posted on 30. Aug, 2016 by .

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Property managers spend a lot of time ensuring that their tenants follow the rules, which include timely payment of rent, reasonable noise levels, parking in their assigned parking spot, and keeping their apartment home in reasonably good shape. If they live up to their end of the bargain, what are you and your staff doing […]

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National Apartment Association Adopts Energy Efficiency Initiatives

National Apartment Association Adopts Energy Efficiency Initiatives

Posted on 25. Aug, 2016 by .

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Just because the cost of heating and cooling buildings hasn’t been skyrocketing this year doesn’t mean it can’t happen next year. Being a “conservationist” when it comes to energy is good for everyone. Property managers around the globe are responding positively to the challenge. They know that energy efficient rental units attract conscientious residents while […]

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Perfecting Your Property Management Practice

Perfecting Your Property Management Practice

Posted on 23. Aug, 2016 by .

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Although it has been said that nobody is perfect, there are some who are what I call “near perfect.” After all, since practice makes perfect, why not keep practicing while striving for excellence? In today’s economy we are at an auspicious confluence of trends that will reward good property managers like never before. The word […]

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Property Managers Unfazed by Dazzling Job Numbers and Economic Anomalies

Property Managers Unfazed by Dazzling Job Numbers and Economic Anomalies

Posted on 09. Aug, 2016 by .

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One month the employment numbers disappoint and the next they sizzle. It’s enough to give an interested property manager whiplash! In a recent article I reported that “On Friday, June 3 the U.S. Bureau of Labor Statistics announced an addition of just 38,000 nonfarm payrolls during May 2016. Economists had been expecting 160,000. This was […]

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Are You Ready to be Green?

Are You Ready to be Green?

Posted on 04. Aug, 2016 by .

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Offered by The National Apartment Association Education Institute (NAAEI) and the National Affordable Housing Management Association (NAHMA), the Credential for Green Property Management (CGPM) continues to provide an important role in training onsite managers, maintenance staff and supervisory personnel in the latest green technology. Even property management businesses with limited budgets can benefit from the […]

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Property Management Maintenance of Strong Client Relationships

Property Management Maintenance of Strong Client Relationships

Posted on 02. Aug, 2016 by .

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The summer and autumn months remind alert property managers that annual maintenance procedures should be carried out. Taking good care of your clients’ properties is a critical management function. While you’re scheduling and overseeing these important responsibilities, ask yourself an urgent question. “Are my relationships with my clients well-maintained and as strong as ever?” The best […]

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How to Keep Your Properties Secure this Summer

How to Keep Your Properties Secure this Summer

Posted on 26. Jul, 2016 by .

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With hot summer days and warm nights upon us, it’s more important than ever that property security measures are in place and operational. Along with bored teenagers looking to get into trouble, warm summer evenings also attract the professional criminal as well. With apartment units frequently empty in summer months due to vacationing tenants, those […]

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Prudent Property Managers Insure with the Best Coverage

Prudent Property Managers Insure with the Best Coverage

Posted on 19. Jul, 2016 by .

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When was the last time you took a careful look at your business’ insurance protection? There is no need for salespeople to give you a pitch. This is a serious topic that is really self-motivating. Many property managers are so busy managing properties that they delegate the responsibility for adequate insurance coverage to someone else. […]

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American Property Managers Prepare for Possible Economic Recession

American Property Managers Prepare for Possible Economic Recession

Posted on 05. Jul, 2016 by .

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No one has a crystal ball when it comes to the U.S. economy, but recent data suggests the possibilities of an economic recession are increasing. A careful, timely preparation plan makes good business sense. First I want to remind you that economic statistics are not always reliable. In fact they can be very confusing. Let […]

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Property Event Ideas for the Summer

Property Event Ideas for the Summer

Posted on 28. Jun, 2016 by .

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Every year, do you promise yourself that this will be the year that you create a haven for your residents? That this year, you’ll organize those pool parties and Saturday afternoon barbecues? But somehow, every year, your plans go awry, and when you suddenly have the time to create these get-togethers, it’s September. The best […]

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Prepared Property Managers Stick to Their Business Plans

Prepared Property Managers Stick to Their Business Plans

Posted on 23. Jun, 2016 by .

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Today is the best time ever to be a property manager. Today is the only day we have, since yesterday is history, tomorrow is a mystery, and today is a gift. It’s why we call today “the present.” There are more residents looking for rentals today that at any time in the history of the United […]

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Property Managers’ Proactive Response to Soaring Rents and Price Controls

Property Managers’ Proactive Response to Soaring Rents and Price Controls

Posted on 14. Jun, 2016 by .

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After nearly 6 years of rising rents and declining vacancies, ideas for solutions have become both a hot economic and political issue. In California, no less than the governor has become interested. The cost of housing is so high in many areas of California that paying rent or a mortgage often costs half of a […]

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Summer Safety Measures for Apartment Communities

Summer Safety Measures for Apartment Communities

Posted on 07. Jun, 2016 by .

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With the unofficial start of summer here, more residents will be spending time outdoors, looking for various ways to enjoy the sunshine and warmer temperatures. Year-after-year, the two most popular activities for residents include swimming and barbecuing. The warm weather also brings a host of added responsibilities for property managers and staff alike as they […]

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Keeping Your Apartment Models in Model Shape

Keeping Your Apartment Models in Model Shape

Posted on 31. May, 2016 by .

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We’ve talked in the past about the benefits of pristine landscaping, a spotless leasing office, and clean, uncluttered patios and balconies. Not listed in that group, but just as important, are your apartment models. While furnishings are important, and should be updated on a regular basis, it’s often the small things that can sway an […]

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Property Management Insights for a Thriving Business

Property Management Insights for a Thriving Business

Posted on 26. May, 2016 by .

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From the comments that I gratefully receive about my articles, I’ve learned that property managers are searching for better ways and best practices. They’re looking for creative insights that lead to success. If you’re in business for yourself or working hard for an employer you’re probably looking for new ways to shine. What if you’re doing […]

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5 Steps to Decluttering Your Apartment Patios this Summer

5 Steps to Decluttering Your Apartment Patios this Summer

Posted on 17. May, 2016 by .

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Spring and Summer Bring the Clutter On my way to work one morning, I passed an apartment complex about a mile from my house. While the complex itself appeared to be neat and clean, the resident balconies were filled with clutter. Taking a quick detour through the complex, I saw more balconies than not that were […]

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Property Management Success Secrets from Successful Property Managers

Property Management Success Secrets from Successful Property Managers

Posted on 12. May, 2016 by .

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Most of my professional time is devoted to reading about and interviewing successful people. Yes, it is a fortunate “calling” and one that has taken me several decades to develop. When focusing on successful property managers I notice they all seem to share similar secrets about their success. One of those “secrets” involves a generous heart! […]

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Three Powerful Words That Build Lasting Relationships with Residents and Clients

Three Powerful Words That Build Lasting Relationships with Residents and Clients

Posted on 03. May, 2016 by .

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In today’s world of ever-changing strategies and depersonalizing experiments with “virtual reality” and “artificial intelligence,” property managers need relationship-building skills they can depend upon. This article is about 3 of the most reliable words for creating an environment of trust and loyalty in all aspects of the property management industry. These 3 words are essential to […]

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Proactive Property Managers Compete for the Best Clients and Residents

Proactive Property Managers Compete for the Best Clients and Residents

Posted on 28. Apr, 2016 by .

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Today’s residential rental housing market grows more competitive with each passing month. Vacancies fill faster than ever, and property owners expect the best management money can buy. If you’re determined to keep your best clients and residents then you’re probably at least a few steps ahead of your competition. If you’d like to attract new […]

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Attract and Retain Your Best Rental Residents with Common Areas

Attract and Retain Your Best Rental Residents with Common Areas

Posted on 26. Apr, 2016 by .

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Through years of personal experience, the smartest property managers I’ve known always focus on the quality of life that their residents enjoy. Attractive, well-maintained common areas are no exception. With a little imagination and a strong desire to be outstanding, proactive property management companies are thinking outside the box when it comes to desirable spaces […]

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Grow Your Property Management Business with Expanded Buying Power and Discounts

Grow Your Property Management Business with Expanded Buying Power and Discounts

Posted on 19. Apr, 2016 by .

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Interest rates are low, lenders need more business, and credit card companies want to attract better quality customers. These are the economic conditions that open the door for growth opportunities. On Wednesday, March 17th, the Federal Reserve’s Open Market Committee led by Fed Chair Janet Yellen not only left short term interest rates alone but […]

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How to Handle Renter Complaints

How to Handle Renter Complaints

Posted on 12. Apr, 2016 by .

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As a property manager, one of the most rewarding and the most difficult parts of your job is to keep renters happy. While the majority of your tenants may never voice a single complaint, when a renter does complain it’s important to handle that complaint in a professional manner. It’s important that every complaint, even the minor […]

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